New York Times Could Launch Huge Blockchain Experiment

New York Times Could Launch Huge Blockchain Experiment

The second largest newspaper in the United States and often cited as one of the largest newspapers in the world, the New York Times has recently announced that they could be due to start experimenting in the use of blockchain technologies in order to make their publishing operations more efficient. This news comes after the New York Times allegedly published a new job posting that suggests the firm are looking for an in-house person to design and develop a blockchain based technology (using proof of concept) for news publishers. This, if indeed this is a plan for the New York Times would see them develop the first ever multi-use blockchain based news publishing platform, for mainstream news outlets at least.

New York Times are employing an individual with a progressive attitude that is able to help design a new blockchain publication product. The aim for the newspaper is to have this individual working alongside the New York Times current research and development team, in order to collaborate and of course come up with a design for this product in the next 12 months. After the initial design phase, we can only assume that the New York Times will pair up with an existing blockchain solution in order to build this product – a blockchain such as TRON could be the key to this, though we are of course speculating here.

According to Coindesk, a part of this person’s file will be to work with experts from other news groups and from academic institutions to design a product that can be used on a universal level – we doubt that this is something the New York Times want to keep to themselves, when they can obviously sell it and generate income through it.